OverviewLong Term Care Insurance,
LTC, pays the expenses of a person confined to a
nursing home,
supplies and other needed long term care benefits .

The Dilemma- When You Can't Take Care Of Yourself

Finding the money to pay for- adult day care centers, home
health services, assisted living facilities, and nursing
homes. The current average rate for a private room at a
nursing home is approximately $180.00 per day, which equates
to $65,700 per year in today's dollars.

InflationIf you are 60 and need to use the
benefits at age 80 the cost per day will then be
approximately $460.00 per day. Yes, $167,900 per year.
Kind of crazy, but this is our reality.

Your Options Are

Medicare- the government
elderly healthcare program- and
Medicaid- the government
program for the poor-
Provide Benefits That Are Truly Lacking!

1. Medicare- So
What's Covered?

2.
Medicaid-

Nursing Homes Benefits

Qualifying A poverty level is met which is state-determined. and
health related criteria.

You can
keep the house in which your spouse or dependent
resides, the furniture, a car, a burial plot and funeral
funds, and cash of $2,000.

Benefits:_Room- board- nursing
care-

Benefit Periods and
Payments_ Room- board-
nursing care-

The Only Obvious
Answer Is, Long Term Care Insurance May Be The Only Answer!
Only deal with A rated or above
companies....you want them to be there when you need
the covered benefits of your policy.

Ask Yourself, Will My Coverage Be Sufficient? Nursing
home costs are projected to rise by a least 5.6
percent a year.When Is A Good Time To Buy Long Term Care
Insurance?Purchase coverage as soon
as possible when there is a
family
history of chronic diseases. Premiums go up with age. A plan that costs
$1,500 per year for a 50 year old will cost a 60
year old $3,000
and a 70 year old $7,500.

Qualifying For BenefitsThe criteria
for benefit payment is usually that you are unable
to perform a specified number of "activities
of daily living": i.e. bathing, dressing, eating,
getting from a bed to a chair, remaining continent,
using a toilet, and walking.

Some insurers require that you be screened by their
own physician, whose primary charge may be to keep
claims under control.

Policy Elimination Periods Elimination periods of 20, 30, 60, 90, or 100 days
during which you must pay for nursing home care out
of your own pocket are the norm. The longer the
elimination period, the lower the premium. Lifetime
coverage is available and should be considered early
when a family history of chronic diseases is
present.